Former Alameda Research Employee Alleges Theft of Life Savings by Sam Bankman-Fried
Aditya Baradwaj, a former employee at Alameda Research, has come forward to share his experience working for Sam Bankman-Fried and the distressing aftermath of the downfall of FTX and Alameda Research. Baradwaj alleges that his entire life savings were stolen by his former boss.
Key Points:
- Baradwaj joined Alameda Research when it was a small crypto trading firm.
- FTX and Alameda Research were highly intertwined, despite Sam’s transition to running FTX full-time.
- Sam shared the idea of relocating the company to The Bahamas, revealing the influence he could have on the island.
- Baradwaj witnessed extravagant lifestyles and major flaws in risk management and spending.
- Sam Bankman-Fried has been placed in custody due to witness tampering allegations.
Hot Take:
The allegations made by Aditya Baradwaj shed light on the alleged misconduct and unethical practices within Alameda Research and FTX. This exposes the potential risks and vulnerabilities in the crypto industry, emphasizing the importance of due diligence and transparency in such investment firms.
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